Wednesday, September 26, 2007

Thai shipper to buy 3 ships for US$123.8m from Vietnam;s Vinashin

25-SEP-2007 Intellasia | BloombergSep 25, 2007 - 7:01:00 AM

Thoresen Thai Agencies Pcl, Thailand's second-biggest shipping company, plans to buy three vessels for US$123.8 million to expand its fleet.

The company's wholly owned unit Thoresen Shipping Singapore Ltd has signed a contract with Vietnam Shipbuilding Industry Group to build three bulk carriers. The first ship will be delivered in October, 2010, while the second and third will be delivered in February, 2011 and June, 2011, the company said in a filing to the Stock Exchange of Thailand.